Current Affairs - Economy - Discussion

India's cumulative exports for April–May 2026-27 reached US$ 162.69 billion, reflecting a growth rate of 14.66% compared to US$ 141.89 billion during the corresponding period of the previous year. This growth was driven by strong performance in both merchandise and services exports. Merchandise exports grew by 16.09%, while services exports increased by 12.99%. Key sectors contributing to export growth included petroleum products, engineering goods, and electronic goods. The positive export performance highlights the resilience of India's trade sector and its expanding presence in global markets, supported by increasing demand from major trading partners and diversified export destinations.